Penalty
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
15 April 2010
Can an audit team collect penalty on delayed payment of Service Tax?
If an assessee pays penalty on delayed payment or short payment of service tax, will he get a show cause for it's appropriation from the department?
If an assessee pays penalty on delayed payment or short payment of service tax, will he get a show cause for it's appropriation from the department?
Rahul Vora
(Expert)
16 April 2010
The audit team can collect penalty only after giving SCN. Actually, they have to report their findings to your Range office and they will raise the SCN.
Also, if an assessee pays the short payment alongwith interest before the issuance of SCN, then they cannot demand penalty.
Also, if an assessee pays the short payment alongwith interest before the issuance of SCN, then they cannot demand penalty.
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